Penn Capital Management Company LLC Takes $600,000 Position in NPK International Inc. $NPKI

Penn Capital Management Company LLC acquired a new position in NPK International Inc. (NYSE:NPKI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,029 shares of the company’s stock, valued at approximately $600,000. Penn Capital Management Company LLC owned 0.06% of NPK International as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in NPK International in the second quarter worth approximately $184,000. Geode Capital Management LLC bought a new stake in shares of NPK International during the 2nd quarter valued at $19,874,000. Kennedy Capital Management LLC purchased a new stake in shares of NPK International in the 2nd quarter worth $1,584,000. Fisher Asset Management LLC purchased a new stake in shares of NPK International in the 2nd quarter worth $2,036,000. Finally, American Century Companies Inc. bought a new position in NPK International in the 2nd quarter worth $22,351,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

NPK International Stock Performance

NPKI opened at $13.86 on Thursday. The firm has a market cap of $1.17 billion, a P/E ratio of 30.79 and a beta of 1.23. NPK International Inc. has a 1-year low of $4.76 and a 1-year high of $15.96. The company has a 50 day simple moving average of $13.92 and a two-hundred day simple moving average of $12.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.43 and a quick ratio of 1.22.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. NPK International had a net margin of 14.06% and a return on equity of 10.83%. The firm had revenue of $75.20 million for the quarter, compared to the consensus estimate of $69.02 million. Equities analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael A. Lewis sold 2,013 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $14.31, for a total value of $28,806.03. Following the completion of the transaction, the director owned 131,333 shares of the company’s stock, valued at $1,879,375.23. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gregg Piontek sold 108,590 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30. Following the completion of the transaction, the chief financial officer directly owned 884,326 shares of the company’s stock, valued at approximately $12,442,466.82. This trade represents a 10.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,603 shares of company stock valued at $1,570,227 in the last quarter. 4.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NPKI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Wall Street Zen cut NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

NPK International Profile

NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.

The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.